Wednesday, January 6, 2010

Now the rumor is finally cleared. Last night in ANC's Business Nightly hosted by Ricky Carandang, Mr. Benjamin Bitanga, a majority shareholder of MRC Allied Industries, confirmed that they are in talks with Lucio Tan Jr. for a P3-billion deal on a proposed power-generation project. They are still in the middle of negotiations to determine the final valuations/agreeemnt that's whyMr. Bitanga is still mum about the details.